Mercedes intends to “continue competing in F1” with Wolff at the helm

© Daimler AG

Mercedes denied rumours that it plans to exit Formula 1 as a works team, as well as rumours of a takeover by Toto Wolff and Lawrence Stroll.

Reports came out today in the German media that said Toto Wolff was planning to announce his exit from Mercedes to perform a takeover of the team with Lawrence Stroll and rename it Aston Martin. The rumour spread like wildfire across the F1 media. Here at SilverArrows.Net we refused to publish it as it seemed completely unfounded.

Now reports that they received a statement from Mercedes denying both Mercedes’ exit from F1 as a works team and Wolff’s exit as a managing partner.

“Speculation regarding a potential withdrawal from Formula 1 continues to be unfounded and irresponsible,” said Mercedes in a statement.

“The sport has taken the right measures to address the consequences of the Covid-19 pandemic and its future financial sustainability, and we welcome these steps.

“It is our clear intention to continue competing in Formula 1 as a Mercedes-Benz works team in the years to come, and to do so with our managing partner Toto Wolff.”

So there you have it straight from the people involved. It appears Mercedes has every intention of sticking with Formula 1 for the long haul.


Follow us on Twitter @SilverArrowsNet and like us on Facebook!

Comments are closed.